GBPUSD Will Fall! Short

British Pound/U.S. DollarFXCM

Description

⋅ Oct 1, 2022 6:58 PM

GBP-USD is trading in a downtrend
Along the falling resistance line
Which makes me bearish biased
And the pair is about to retest the resistance at 1.13487
Thus, a pullback and a move down are expected
With the target of retesting the level below

Comments

InvestMate

⋅ Oct 2, 2022 8:42 PM

I wouldn't be so sure about it, GBP has shown strength in the last week. Look at the monthly candle

JoeChampion

⋅ Oct 2, 2022 3:07 PM

I will wait for the price to reach the trend and see price action, thank you!